KB Home (NYSE:KBH) Given Consensus Rating of “Hold” by Brokerages

KB Home (NYSE:KBH) has been given an average rating of “Hold” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $59.1667.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of KB Home from $54.00 to $53.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. Citizens Jmp assumed coverage on shares of KB Home in a report on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of KB Home from $55.00 to $50.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Truist Financial decreased their price objective on shares of KB Home from $54.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, Wall Street Zen lowered shares of KB Home from a “hold” rating to a “sell” rating in a report on Saturday, April 11th.

Hedge Funds Weigh In On KB Home

Several large investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. raised its holdings in shares of KB Home by 13.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock valued at $59,472,000 after purchasing an additional 122,457 shares in the last quarter. Lincluden Management Ltd. acquired a new stake in shares of KB Home in the 3rd quarter valued at $1,965,000. Entropy Technologies LP grew its position in shares of KB Home by 59.1% in the 3rd quarter. Entropy Technologies LP now owns 77,962 shares of the construction company’s stock valued at $4,962,000 after buying an additional 28,948 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in shares of KB Home in the 3rd quarter valued at $1,451,000. Finally, International Assets Investment Management LLC acquired a new stake in KB Home during the 4th quarter worth $4,232,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Price Performance

KB Home stock opened at $52.22 on Thursday. The firm has a 50 day simple moving average of $50.80 and a 200-day simple moving average of $56.69. KB Home has a 1-year low of $44.03 and a 1-year high of $68.71. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 9.44 and a beta of 1.37.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $1.49 EPS. The business’s revenue for the quarter was down 22.6% on a year-over-year basis. Equities analysts expect that KB Home will post 3.1 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, May 7th. KB Home’s dividend payout ratio is currently 25.38%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.